401(k) Plan Definition

A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis. Continue reading

Bankruptcy and 401k Plans and 401k Loans at Bay Area Bankruptcy …

Are contributions to a 401k plan okay in a Chapter 13 bankruptcy case? Or should contributions to a 401k be suspended during the Chapter 13 plan and that money be submitted to the control of the chapter 13 trustee for the .. Continue reading